111 West 57th Street | Steinway Tower
Manhattan's Slenderest Supertall

Billionaires' Row, Midtown Manhattan

Quick Facts

111 West 57th Street at a Glance (2026)

Status
Delivered 2021
Stories
84
Total Residences
60
Pricing From
$16,000,000
Architect
SHoP Architects
Developer
JDS Development
Address
111 West 57th Street
Neighborhood
Billionaires' Row

111 West 57th Street — widely known as Steinway Tower — is one of the most architecturally significant residential buildings ever constructed. Rising 1,428 feet with an extraordinary 23:1 slenderness ratio, this 84-story supertall was developed by JDS Development Group and designed by SHoP Architects, delivering in 2021 as the most slender skyscraper in the world. The tower's terra cotta and bronze facade draws from the material language of the landmarked Steinway Hall at its base, creating a visual identity that is instantly recognizable on the Manhattan skyline.

111 West 57th Street is the most slender skyscraper in the world, with a width-to-height ratio of approximately 1:24. Residences typically range from approximately $15 million to over $60 million, with select full-floor and penthouse units exceeding $90 million.

111 West 57th Street – Key Facts

  • Height: 1,428 feet
  • Floors: 84
  • Residences: ~60 units
  • Architect: SHoP Architects
  • Interior Design: Studio Sofield
  • Price Range: ~$15M to $60M+

Our team at Manhattan Miami considers 111 West 57th Street to be the most design-forward option on Billionaires' Row. We work with buyers who are cross-shopping every major supertall on the corridor, and this building consistently appeals to a specific profile: clients who prioritize architectural distinction, ultra-low density, and craftsmanship over amenity volume or sheer height. The building offers an extremely limited number of residences, with many floors containing just one or two units, creating a level of privacy and exclusivity that larger towers on 57th Street cannot replicate.

The integration of the historic Steinway Hall — originally built in 1925 — into the tower's base is a detail that sets this building apart from every other new development in Midtown. The restored landmark serves as the building's grand entry and connects residents to a layer of Manhattan cultural history. SHoP Architects designed the tower to honor this heritage while pushing engineering boundaries, and the result is a building that feels both rooted and futuristic.

Residences at 111 West 57th Street feature exceptional ceiling heights, floor-to-ceiling windows, and custom-finished interiors with hand-selected materials. The slender floor plates ensure that natural light reaches deep into every unit, and the views — particularly from upper floors facing Central Park — rank among the most spectacular in the city. JDS Development Group maintained a high standard of finish quality throughout, with kitchens and bathrooms that reflect a curated, design-led approach rather than a standard developer specification.

Buyers considering 111 West 57th Street should understand that this building occupies a unique niche on Billionaires' Row. It is not the tallest, it does not have the largest amenity program, and it does not carry the same classical limestone aesthetic as 220 Central Park South. What it offers is something none of those buildings can: a genuinely singular architectural identity paired with boutique-level exclusivity. Our team at Manhattan Miami can arrange private tours and provide detailed pricing and availability for current and upcoming inventory.

111 West 57th Street Price Per Square Foot

Pricing at 111 West 57th Street typically ranges from approximately $4,000 to over $7,000 per square foot, with premium full-floor residences commanding higher valuations due to unobstructed Central Park views. The building's ultra-limited inventory — just 59 residences — creates pricing dynamics driven by scarcity rather than broad market comparisons.

Apartments for Sale at 111 West 57th Street

Current availability at 111 West 57th Street includes full-floor and half-floor residences, with a limited number of units due to the building's slender design. Inventory is highly constrained compared to other Billionaires' Row towers, and turnover is low given the building's exclusivity and owner profile.

Steinway Tower — The Architectural Identity of 111 West 57th Street

111 West 57th Street is formally known as Steinway Tower, a name that honors the landmarked 1925 Steinway Hall preserved at the tower’s base. Among architecture circles and the New York real estate community, the building is sometimes colloquially referred to as the “Coffee Stirrer” — an allusion to its world-record 23:1 slenderness ratio, which makes it the thinnest supertall skyscraper ever constructed. That extraordinary proportion is the defining feature of SHoP Architects’ design: rippling bronze and terra cotta panels on the east and west facades, with floor-to-ceiling glass on the north and south, producing a sculptural silhouette that is instantly recognizable on the Manhattan skyline.

111 West 57th Street vs Central Park Tower and One57

Compared to Central Park Tower, which offers a larger number of residences, extensive amenities, and the Nordstrom flagship at its base, 111 West 57th Street emphasizes privacy and architectural distinction with fewer, more exclusive units. Compared to One57, which was among the first Billionaires' Row supertalls, Steinway Tower represents a newer generation of ultra-luxury development with a stronger emphasis on design, craftsmanship, and slenderness. Compared to 220 Central Park South, which offers a classical limestone aesthetic and a broader unit mix, 111 West 57th Street appeals to buyers who prioritize contemporary architectural identity over traditional luxury.

International Buyer Appeal

111 West 57th Street attracts a significant global buyer base, particularly from Europe, the Middle East, and Asia, drawn to its architectural significance, limited inventory, and positioning within New York's ultra-prime real estate market. As a condominium, the building allows foreign buyers to purchase without co-op board restrictions, making it one of the most accessible ultra-luxury options for international investors. Prices are quoted in US dollars, with international buyers often evaluating value on a price-per-square-foot basis compared to global luxury markets such as London, Paris, and Dubai.

International buyers can explore our Foreign Buyer's Guide to U.S. Real Estate for tax, legal, and ownership considerations.

Architectural Positioning of 111 West 57th Street

111 West 57th Street is often viewed as one of the most architecturally refined towers on Billionaires' Row, combining historic preservation with modern engineering. Its terra cotta facade and ultra-slender profile differentiate it from the predominantly glass supertalls in the area. The integration of the 1925 Steinway Hall creates a dialogue between old and new Manhattan that is unmatched by any other building on the corridor.

Explore more about Billionaires' Row NYC or view luxury condos for sale in NYC.

Is 111 West 57th Street the Thinnest Skyscraper in the World?

111 West 57th Street, also known as Steinway Tower, is widely regarded as the most slender supertall skyscraper ever built, with a width-to-height ratio of approximately 1:24. The building rises 1,428 feet above Midtown Manhattan on Billionaires’ Row.

111 West 57th Street Price Per Square Foot

Prices at 111 West 57th Street typically range from approximately $4,000 to over $7,000 per square foot, reflecting the building’s architectural exclusivity, limited unit count, and unobstructed Central Park views.

Apartments for Sale at 111 West 57th Street

Current apartments for sale at 111 West 57th Street include full-floor and half-floor residences, with availability varying based on resale inventory and developer release. The building contains approximately 60 residences total.

Where Is 111 West 57th Street Located?

111 West 57th Street is located on Billionaires’ Row in Midtown Manhattan, directly south of Central Park between Sixth and Seventh Avenues. The building sits on the historic Steinway Hall site.

111 West 57th Street vs Central Park Tower

While Central Park Tower emphasizes scale and a comprehensive amenity program, 111 West 57th Street is positioned as a boutique alternative with fewer residences, more architectural distinction, and a focus on exclusivity over volume.

Architecture and Design at 111 West 57th Street

Designed by SHoP Architects with interiors by Studio Sofield, 111 West 57th Street features a distinctive terracotta and bronze facade that references the original Steinway Hall. The building’s engineering by WSP represents one of the most technically complex residential structures ever constructed.

Explore more about Billionaires’ Row NYC or view apartments for sale on Billionaires’ Row.

How Much Do Apartments at 111 West 57th Street Cost?

Prices at 111 West 57th Street typically begin around $15 million and can exceed $60 million for full-floor residences, with select penthouses and multi-level units approaching or exceeding $90 million depending on size and views.

111 West 57th vs Central Park Tower

While Central Park Tower emphasizes scale and extensive amenity offerings, 111 West 57th Street is defined by its extreme slenderness, boutique scale, and architectural craftsmanship. With fewer than 60 residences, it appeals to buyers seeking privacy and exclusivity rather than the larger, more amenity-driven experience of neighboring towers.

Billionaires' Row Comparison

BuildingPositioningTypical Price Range
111 West 57th StreetBoutique, architectural$15M – $60M+
Central Park TowerScale, amenities$7M – $100M+
One57Established luxury$6M – $50M+

Current Market Overview

Market Snapshot (December 2025)

Metric

Current Data

Active Listings

10 units

Price Range

$9.99M – $55M

Median Asking Price

$29.6M

Price Per Square Foot

$3,700 – $8,000

Size Range

2,224 – 8,040 SF

 

Recent Sales (2024-2025)

Unit

Sales Price

Size

$/SF

#67B

$24.99M

4,019 SF

$6,219

#36A

$10.7M

4,003 SF

$2,673*

#84A

$13.5M

2,625 SF

$5,143

#52C

$14.65M

3,576 SF

$4,097

 

Analysis by The Real Deal found that 10 of 16 owners who resold between 2021-2025 (after structural issues were reported) took a loss, compared to a 77% profit rate for sellers between 2017-2018. Current pricing may represent a value opportunity for buyers with appropriate risk tolerance and long-term investment horizons.

432 Park Residences NYC

 

Building Features & Architecture

Rafael Viñoly's design for 432 Park Avenue draws inspiration from a 1905 trash basket designed by Austrian architect Josef Hoffmann. The building's 15:1 height-to-width ratio makes it one of the most slender skyscrapers in the world. The structure uses a reinforced concrete core with outrigger walls at mechanical floors to resist wind loads.

Key Specifications

  • Height: 1,396 feet (425.5 meters)
  • Floors: 96 stories (85 residential)
  • Units: 125 condominiums
  • Windows: 10' x 10' (largest in NYC residential)
  • Ceiling Heights: 12'6"
  • Completed: 2015

Amenities

  • 75-foot indoor swimming pool
  • Private restaurant with outdoor terrace
  • Full-service spa and fitness center
  • Private screening room and library
  • Billiards room and conference facilities
  • Private parking with porte-cochère
  • 24-hour doorman and concierge
  • Storage units available
 

Private Restaurant

The 8,000-square-foot private restaurant, led by Michelin-starred Chef Shaun Hergatt, serves residents and their guests exclusively—breakfast through dinner. Adjacent to the restaurant is a 5,550-square-foot private dining terrace for al fresco dining and events. A semi-private dining area accommodates special family or business occasions. In-suite dining and room service are available throughout the building.

What Buyers Should Know

Ongoing Litigation

432 Park Avenue is currently subject to two significant lawsuits that prospective buyers must understand:

  • 2021 Lawsuit: The condominium board filed suit against developers CIM Group and Macklowe Properties citing approximately 1,500 alleged defects. Issues include elevator malfunctions, water infiltration, excessive noise transmission between units, and rising common charges. This lawsuit remains pending as of December 2025 with over four million pages of documents in discovery.
  • April 2025 Lawsuit: A new $165 million lawsuit alleges "deliberate fraud" regarding the building's facade. The complaint cites "thousands of severe cracks, spalling, and deterioration" in the concrete exterior, causing water infiltration and rebar corrosion. A New York Times investigation (October 2025) estimated remediation costs at approximately $100 million. The building has been classified as "SWARMP" (safe with a repair and maintenance program required within 5 years). CIM Group has denied the allegations and is seeking dismissal.

Due Diligence Checklist

Before purchasing at 432 Park Avenue, buyers should:

  1. Request current lawsuit status and projected timeline from the board
  2. Review board meeting minutes from the past 24 months
  3. Obtain details on any current or anticipated special assessments
  4. Request reserve fund documentation and financial statements
  5. Review recent engineering inspection reports
  6. Consult with a real estate attorney experienced in NYC condo purchases

Working with an experienced broker who understands these complexities is essential. We provide buyers with comprehensive due diligence support, including connections to qualified attorneys and access to all available building documentation.

Frequently Asked Questions

How much do apartments at 432 Park Avenue cost?

As of December 2025, apartments at 432 Park Avenue range from approximately $10 million for two-bedroom units to over $50 million for full-floor residences. Price per square foot typically ranges from $3,700 to $8,000 depending on floor level, views, and unit condition. The 96th-floor penthouse is currently listed at $105 million.

What are the monthly costs at 432 Park Avenue?

Monthly carrying costs include common charges (approximately $6-8 per square foot) plus real estate taxes. For a typical 4,000 SF unit, expect monthly common charges around $24,000-$32,000 plus taxes of approximately $8,000-$12,000 monthly, totaling $32,000-$44,000 per month.

Does 432 Park Avenue have parking?

Yes, 432 Park Avenue offers private parking—a rare amenity on Billionaires' Row. The building features a porte-cochère entrance with valet service and dedicated parking spaces available for purchase or rent. This distinguishes it from neighboring supertalls like One57 and Central Park Tower.

What are the views like at 432 Park Avenue?

432 Park Avenue offers unobstructed 360-degree views through 10-foot by 10-foot windows—the largest of any residential building in New York City. Units face Central Park to the north, the Hudson River to the west, the East River to the east, and the Manhattan skyline to the south. Higher floors command premium prices for their expanded sight lines.

What is the lawsuit status at 432 Park Avenue?

432 Park Avenue is subject to two ongoing lawsuits. The 2021 lawsuit by the condo board cites approximately 1,500 building defects including elevator issues, water infiltration, and noise problems. A second lawsuit filed in April 2025 seeks $165 million for alleged facade defects and fraud. Both cases remain pending. Buyers should conduct thorough due diligence and review all litigation documentation before purchasing.

Who designed 432 Park Avenue?

432 Park Avenue was designed by Rafael Viñoly Architects with interior design by Deborah Berke Partners. The Uruguayan-American architect drew inspiration from a 1905 wastebasket designed by Josef Hoffmann for the building's distinctive grid pattern of square windows. SLCE Architects served as architect of record.

Location & Neighborhood

432 Park Avenue occupies a premier Midtown East location between 56th and 57th Streets. The building sits steps from Central Park and within blocks of world-class shopping on Fifth and Madison Avenues. Notable neighbors include The Plaza Hotel, Bergdorf Goodman, and the Museum of Modern Art.

Transit: N/R/W at Fifth Avenue-59th Street; E/M at Fifth Avenue-53rd Street; 4/5/6 at 59th Street. Easy access to Grand Central Terminal and Penn Station.

Schedule a Private Showing

For a confidential consultation on 432 Park Avenue or other Billionaires' Row properties, contact Manhattan Miami Real Estate. Our team provides white-glove service for discerning buyers navigating New York's ultra-luxury market.

Compare Billionaires' Row Buildings

  • One57 – /one-57
  • 111 West 57th Street – nyc.manhattanmiami.com/111-w-57th-st
  • Central Park Tower – nyc.manhattanmiami.com/central-park-tower
  • 56 Leonard Street – /luxury-apartments-nyc/56-leonard-street

 

What This Page Covers

This page covers 432 Park Avenue, a residential condominium tower on Manhattan's Park Avenue corridor. It describes the building's location, property type, and place within the Manhattan luxury market.

How to Read This Analysis

Information about 432 Park Avenue reflects publicly known building characteristics. Specific unit pricing, view, and floor plate vary materially within the building.

Citable Summary

Advisory Context

Manhattan Miami advises buyers focused on Manhattan trophy condominium inventory, including the Park Avenue corridor.

Comparing Manhattan to Miami, or planning a multi-market deployment? Open the Property Intelligence Hub — the curated 35-page authority map for cross-market capital strategy.